Ed Conway Profile picture
Sep 15, 2020 12 tweets 5 min read Read on X
A further 3,105 #COVID19 cases in the UK over the past 24 hours. UK trajectory following pretty much bang in line with France & Spain. Should we be panicking already...? Quick thread (and short answer: no)
As in Mar/Apr, UK's epidemic seems to be following closely France & Spain. And what we are learning from there is that cases & deaths are rising but much less rapidly than in Apr/May. Just compare the death trajectories: Spain this time vs last time (the two yellow lines here)
Side note: why am I using deaths to compare this episode with last time around👆? Because last time there was so little testing that the existing case figs don't give a good indication of the prevalence of the disease. So grisly as it is, deaths are a better yardstick
Sidenote 2: since case data from Mar/Apr wasn't v reliable, a better measure is % of positive cases. Compare these charts & u see what I mean. Look at cases alone and it looks like we are facing a bigger epidemic than in March. Look at positivity and we're well down on then.
Now it's possible cases may yet accelerate in Spain and France but we aren't seeing it. Latest numbers out of Madrid this pm: 9437 cases in past 24 hours. Sounds scary, but if you average out cases over the past week they're creeping up, not catapulting higher. That's v important
Last time around the prevalence of the disease (as best as we could determine) was doubling every 3/4 days. This time around it's doubling every 15 or so days. If you're wondering what kind of a difference that makes, it's enormous. Bigger than the gap between these two lines
Last time around, the trajectory of deaths seemed to follow the trajectory of cases. But look at the gap between black line (deaths) and white line (COVID positivity rate) this time around. The link seems to have been broken - though it's too early to be absolutely sure.
None of this is to dispute that hospitalisations and deaths are rising in Spain & France. But so far not as fast as in the spring. Exponentiality is what matters here. We need to keep remembering that. And keeping an eye on the data - as it's not impossible it worsens
Some conclusions:
1. UK cases of #COVID19 will continue to rise. Will prob be 10k within a few wks
2. Hospitalisations will rise
3. Deaths will rise
4. But the increases should, if it's anything like Spain/France, be gradual
5. These are ingredients for caution - but not panic
There are crucial provisos. Spain's cases seem to be coming under control not in the absence of action but following measures imposed by govt. In Spain they have limited gatherings much like the UK via the "rule of 6" (their rule is, I think, 10). They are not "letting it rip"
Second, nothing in the above thread precludes the possibility of things going worse here than they are in France/Spain. If anyone is telling you with confidence they know what's going to happen, they DON'T.
Including me. I'm just keeping an eye on the numbers 🤓
Is it time to panic about the rise in #COVID19? Here’s a video which almost answers that question. It’s 14 minutes and the powers-that-be at @skynews say they’d be amazed if anyone kept watching beyond 3m. So now’s your opportunity to prove the MSM wrong!

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More from @EdConwaySky

Mar 18
NEW
Britain's motoring lobby group the @SMMT has insisted that an unprecedented 2,000% increase in car exports to Azerbaijan has NOTHING to with Russia and is explained by the fact that this former Soviet state is a “flourishing market in its own right”.
This is rather... odd
🧵 Image
Before we get onto that, some background (thread on this here👇).
TLDR: UK car exports to Russia have collapsed, because of sanctions. But UK car exports to countries neighbouring Russia have suddenly risen by nearly the same amount. Esp Azerbaijan
Following my original report we now have new figs on UK car exports.
They show flows to Azerbaijan have continued. £42m in Jan. 3rd highest EVER.
Now there's no way of being 100% sure what's going on here. you can't track consignments beyond Azerbaijan (if they ever reach Az) Image
Read 13 tweets
Mar 12
🚨The strange tale of British luxury cars & Russian sanctions🚨
🧵A thread on some v striking charts which raise some disturbing questions abt the car industry.
Let's start at the start.
Wealthy Russians love high-end British cars.
Don't just take it from me. Take it from her 👇
So when Russia invaded Ukraine, it was not without significance that all Britain's major carmakers said they would stop sending their cars to Russia.
Anyway, shortly afterwards, the UK imposed sanctions which made it illegal to do so anyway...
There are two sanctions of note here.
First, UK companies cannot send "dual use" items to Russia which could be turned into weapons.
Second, there was a specific ban on the sale of any car over £42k👇
So it's pretty simple. No cars. Esp not luxury cars. legislation.gov.uk/uksi/2022/452/…
Image
Read 15 tweets
Mar 6
💷BUDGET THREAD💷
A few thoughts on what was supposed to be a big event but ended up feeling, well, a wee bit thin.
And that’s the first thing to say.
Strikingly, this Budget was HALF as big as the Autumn Statement. Look at the difference between the scorecard totals 👇
Image
Image
Was it a tax-cutting Budget?
I mean… not really.
Well, OK, the net impact is taxes aren’t going up as quickly as they were 6 months ago.
But (and I think this is pretty crucial) THEY’RE STILL GOING UP. The tax burden will be higher at the end of this Parliament than before.
Here’s a good illustration of that.
The bars here show you the impact, across the economy, of the decision a few Budgets ago to freeze tax allowances. The bars are in negative territory.
People are paying more in taxes as they get dragged into higher thresholds… Image
Read 14 tweets
Feb 23
🧵Here's a thread about an obscure economic theory from a century and a half ago, which is about to become a MASSIVE deal.
⚡️It helps explains why tackling climate change is going to be v v hard. Some say impossible.
The story begins with this building👇
Yes it's the @SphereVegas.
Not just a massive entertainment venue but also the world's biggest screen. By all accounts it's an amazing spectacle both outside and in, where there's also a ginormous wraparound LED screen (also one of the biggest anywhere)
Get up close to that enormous exterior screen & it looks v different.
You see an array of little glowing pucks, each one decked with 48 light emitting diodes (LEDs). These act as the "pixels" of the image you see from miles around. These things are magic businessinsider.com/what-the-las-v…
Image
Read 32 tweets
Feb 21
🚨How British companies are bolstering Vladimir Putin’s war machine🚨
A depressing thread.
But an important one.
With some pretty shocking charts.
Let’s begin with the “official” picture. It suggests UK trade with Russia has collapsed since Feb 2022. Down by 74%… Image
Now let's fill in the data.
Look how we're no longer exporting cars or heavy machinery to Russia. Because the govt is well aware this stuff could be repurposed into weapons. So the official line is that this is a big success story.
Looks like Russia's economy is being starved Image
But clearly the Russian economy isn't doing as badly as all that. Indeed Russia is due to grow faster than any G7 nation this year 👇
And that's just the economy. Now look at the battlefield and Russia is looking v strong. No shortage of weapons/drones etc despite sanctions
Why? Image
Read 17 tweets
Jan 20
With Tata steel having just confirmed the closure of the two blast furnaces at Port Talbot, here are a few important datapoints.
First, UK steelmaking has collapsed faster, over the past half century, than ANY other country in the world save for Venezuela.
Pretty shocking👇 Image
The Tata plan is to replace the two blast furnaces with two electric arc furnaces.
There are some strong arguments - not all of which come back to net zero.
One is that Britain produces more than enough scrap steel to satisfy its needs. At the moment this is mostly exported Image
Electric arc furnaces exist to RECYCLE steel via a massive electric current.
UK has long been an outlier in having v few of them. Look: less, proportionally, than nearly any other country in the world.
Essentially we stuck with blast furnaces far longer than most other nations... Image
Read 10 tweets

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